IronMaidenBills

I just don’t see it. They may want a green new deal, but it’s not happening overnight. Renewables will be a gradual rise. NG is safe for another 40 years. It’s coal and oil that’s in trouble. I wouldn’t invest if any company is exposed to those.

Sad to see you sell your shares. NG is going nowhere and I doubt any laws are passed to ban fracking nation wide. That would just about kill what energy independence we had. I can see fracking being band if we had like 50% national EV fleet and 50% renewable energy mix, but we are nowhere near those kind of numbers yet. Pegula has already stated they want to target assets that already have productive wells.

Stock $10.01 and NG $2.19 . Not much action.

EVs still run on electric and more of our electric will be supplied by natural gas. Not to mention all those coal power plants need to be converted over to NG. The more EVs on the road, the more electric demand will increase.

Probably not for sale, but a small little private company called Penn General Energy would be a nice get with their amount of gas wells.

This. I can almost guarantee you the price of NG won’t be below $3 for long. Coal power plants will be converted to NG soon enough, demand will increase. EVs will still need NG for electric. And people will need to heat their homes. NG isn’t going anywhere for the next 30 years.

NG up to $2.20 today.

Especially considering pegs doesn’t over leverage his companies. One of my biggest pet peeves in investing is a CEO that spends like a drunken sailor, spending money they don’t have. One of the reasons Terry is going to get cheap assets is because of the poor financial decisions of past CEOs. These companies are so over leveraged, they can’t get any more money through traditional routes, so they diluted their shareholders to oblivion. Forced to sell what good assets they have for depressed market prices, just to cover their debt repayments.

Why are you guys being so obtuse. These companies aren’t selling their valuable assets just because. They are selling their assets because they need the money to pay creditors. Pegs wants to buy PDP assets.

Old article but totally relevant. https://www.google.com/amp/s/www.cnbc.com/amp/2019/12/03/distressed-investing-experts-say-crisis-in-oil-patch-is-mounting.html

You are actually right, I just re read some material about SPACs, and I think they must use like 80%+ of the funds on a deal. I think that’s the case, but I’m not a professional when it comes to this. Either way, I think Pegs wants to retain control of his company, I don’t see a merger happening.

Didn’t East Resources pay out a dividend as well? Pegs takes care of his investors.

They are going after developed acreage. Of course they will have to take on some debt, but they don’t appear to be initially going after undeveloped acreage. They want wells already in production.

Most of these posters are just bitter environmentalist. There is nothing wrong with wanting renewables, but these people are completely unrealistic.

A lot of people here don’t like pegs spac company because of the environmental aspects of it. You aren’t getting 100% renewables for a long time, so you might as well just accept natural gas and get over it.